Owning a Powersports vehicle such as a motorcycle or ATV is definitely exciting and thrilling but with some basic understanding of costs involved in owning the vehicle. It can start from the price of the vehicle down to maintenance, riding gear, and many more. Total cost for owning and maintaining a Powersports vehicle goes beyond that single purchase. Let's go ahead and dive into further details of what you need to consider owning one of these amazing machines.
Total Cost of Ownership for Motorcycles/ATVs.
How much does it cost to own a motorcycle or ATV? Well, there's a purchase price, of course. There are also maintenance, insurance, riding gear, and fuel, to name a few. The bottom line varies depending on whether you're buying new or used, one brand compared to another, or model to model.
Cost Factor
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New Motorcycles/ATVs
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Used Motorcycles/ATVs
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Purchase Price
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$8,000 - $30,000+
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$2,000 - $15,000+
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Riding Gear
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$500 - $1,500
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$500 - $1,500
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Insurance
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$200 - $1,000 annually
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$150 - $750 annually
|
Maintenance (Annual)
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$200 - $1,500
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$500 - $2,000
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Registration and Fees
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$50 - $500 annually
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$50 - $500 annually
|
Fuel (per year)
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$300 - $1,000
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$300 - $1,000
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Buying a New vs Used Powersports Vehicle.
One of the first decisions you will have to make when purchasing a Powersports vehicle is whether or not to purchase new or used.
• Newly Purchased Powersports Vehicles Buying new can include the peace of mind and warranty associated with having the latest technology. New motorcycles and ATVs range from $8,000 to $30,000 or more, depending on the model and brand.
• Used Powersports Vehicles: A used vehicle is significantly cheaper upfront. Prices can vary from $2,000 to $15,000. However, they might require more maintenance in the long run. One must check the history and condition of the vehicle while buying it.
If you are searching for a brand new or used Powersports machine, Full Throttle Houston carries one of the best selections of motorcycles and ATVs. To see their inventory: Full Throttle Houston Inventory.
Cost of Riding Apparel.
Safety gear is the first requirement for motorcycle riding or ATV riding. Some of the most essential gear include:
Helmet: Expect to pay between $100 and $600. A helmet should meet SNELL or DOT standards.
• Jacket: the riding jacket is a jacket that would last long and cost around $100-$500.
• Gloves and Boots: in the same range, these may run anywhere from $50 to $300, it would depend on the quality and brand
Riding gear is one single-time investment for your safety but is an essential part of budgeting for owning a Powersports.
Riding Gear Item
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Cost
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Helmet
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$100 - $600
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Jacket
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$100 - $500
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Gloves and Boots
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$50 - $300
|
Please note that all prices mentioned are estimated and subject to change over time.
Cost of Powersports Maintenance.
Your Powersports vehicle is not something you can afford to be slack on in terms of maintenance. Otherwise, it will determine how well the vehicle performs, and whether or not it keeps you safe on the road. The cost of maintenance depends on what you ride, how much you ride, and who does the work you or a mechanic. Here is a guide to all the most common maintenance tasks and the estimated costs:
• Oil Changes: Typically needed every 3,000-5,000 miles and costs about $50 - $100.
• Tire Replacement: Motorcycle tires typically last for 5,000 - 15,000 miles. The price of each tire would run between $150 - $400.
• Chain and Brake Service: Chains and brake pads depreciate with time. For the replacement of a chain, it would be around $150 - $300, while brake pads are priced between $30 - $100.
Full Throttle Houston's staff can demonstrate to you how you can take proper care of your motorcycle or ATV to keep it at its peak condition in case you decide to purchase from them.
Insurance and Registration Costs.
In addition, you will be sure to take care of insurance. This is very vital to protect you against car accidents, theft, and also cases involving damage.
• Insurance: The expenses involved in insurance coverage are based on parameters, which include the area or region you are dwelling in, the model of your motorcycle or ATV, and also the kind of history of driving you have. Generally, expect to incur between $200 and 1,000 dollars a year
• Registration and Fees: A registration is usually required in most states, and this may cost between $50 and $500 a year.
Be aware of local needs to make an informed purchase.
Fuel Cost.
Fuel cost will vary depending on mileage and the type of bike. Most motorcycles and four wheelers are pretty tame on fuel, but you will still spend money on gas, and cost may fall in the range of $300 and $1,000 a year.
FAQs
1. What is the annual cost of owning a motorcycle or ATV?
The cost of owning a motorcycle or ATV per year can average between $1,500 to $5,000. That considers cost of maintenance, insurance, and fuel.
2. Do I need a new one, or would a used one suffice?
That depends on your budget and preference. New ones often have warranties and less worry about maintenance, but secondhand ones cost less but need more maintenance.
3. What's the most crucial riding gear I should get?
The most important piece of riding apparel is a good helmet, then comes a tough jacket, gloves, and boots.
4. How much money can I budget for maintenance?
For general routine maintenance, you can budget around $500 to $2,000 per year depending on how frequently you ride and type of bike that you have.
Conclusion.
Knowing the cost of owning and maintaining a Powersports vehicle is the key to making an intelligent decision. In fact, whether you're buying a brand new or used motorcycle or ATV, the costs that you get come in the form of insurance, maintenance, riding gear, and fuel. Knowing all of this will better equip you for your Powersports experience without breaking the bank.
Big deals on new and used Powersports vehicles, by Full Throttle Houston Inventory. Check them out today at Full Throttle Houston Inventory. Follow their social media for the latest updates:
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Come visit us in person at 7090 SW Freeway, Houston, TX 77074 or give us a call at (877) 551-9538!